Influx of cash would mean good news for transportation budget

FORTVILLE — Mt. Vernon Schools is at the top of the list of financially strapped districts that will soon receive help from the state’s Rainy Day Fund.

In the wake of legislation signed Monday by Gov. Mitch Daniels, MV will now have a chance to overcome its mounting financial problems, including a $4.9 million deficit. The bill authorizes loans to a handful of school corporations, and MV officials plan on requesting about $3.5 million.

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